# Mexico's peso as an uber-dollar

> The Mexican peso, dubbed the 'super peso' by President Lopez Obrador, posted its biggest annual gain against the dollar since 1989 last year and has climbed about 20% on the greenback over a recent period. The article frames the peso as a regional currency strength story.

- Date: 2024-02-16 · published 2024-02-16T12:00:00.000Z
- Category: macro · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/31888-mexico-s-peso-as-an-uber-dollar
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

A strong peso lowers the cost of US dollar-priced feed imports for Mexican buyers, which can soften demand pressure on US corn and soymeal exports to Mexico at the margin.

## Read by commodity

- USDMXN: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/markets/europe/mexicos-peso-an-uber-dollar-2024-02-16/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.